The company proposes to launch 6 home insurance products and 4 in the space of SME, he said, adding that they will be rolled out in due course of time.

The company has tied up with FINISH (Financial Inclusion Improves Sanitation and Health), a public-private-partnership company for distribution of its micro insurance products.

Under the partnership, FINISH, supported by Dutch government, would train the employees of its micro insurance partner or NGO for distribution of two micro health insurance products in the three identified states. These states are Maharashtra, Rajasthan and Orissa.

Cash hospital micro insurance and medi-sure micro insurance would be offered under the programme, Roy said.

Micro insurance has huge growth potential and will play an increasingly important role in the penetration of the sector in the country, he added.